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URGENT PLEASE!! An engineer wants to purchase a house for $100,000 and has $20,000 cash to use as the down payment. The bank offers a

image text in transcribedURGENT PLEASE!!

An engineer wants to purchase a house for $100,000 and has $20,000 cash to use as the down payment. The bank offers a loan for the remainder at 9% nominal interest with the term of the loan being 20 years and monthly payments. Assuming the payment is the same for all months, the monthly loan payment is close to: O a. $572 O b. $741 O c. $720 O d. $689

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